Real Estate

Mortgage Broker/Bank that only requires 20 percent down

  • Last Updated:
  • Aug 14th, 2021 12:54 am
[OP]
Newbie
Aug 4, 2008
19 posts
24 upvotes

Mortgage Broker/Bank that only requires 20 percent down

Given the current housing prices in the GTA are there banks that only require 20 percent down over 1 million purchase price? I’m with HSBC now and they required 40 percent over 1 million at the time. I would rather hold onto a bit of capital given current interest rates so any insights into options would be appreciated!
1 reply
Deal Addict
Aug 17, 2012
1724 posts
705 upvotes
Windsor
Many banks but every bank/lender have sliding scale ..like 80% upto 1.5 Million purchases 70% of anything over 1.5.. This is an example but every lender have their own sliding scale.

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